Ricardo by Systemics

Introduction

Ricardo is a three-party payment system
common to Internet banking and DGCs.
One user pays another user,
by settling through a single server trusted
by both users to manage value.

Using Ricardo, Systemics and partners
have built trading systems, contract
markets, secure messaging, and other
applications. All these applications
derive their underlying security from
Ricardo's secure open transactions.

Documentation

Ricardo: The Executive Summary -
Fast track summary to getting an overview of Ricardo,
only two pages long.

Applications

Ricardo's strength is reliable payments. Applications
can build on this to create reliable higher layer services.

A new application,
Corporate Issuance,
leverages all of the basic Ricardo infrastructure to
provide an internal and AR/AP money for a corporation.
This simple use of Ricardo results in the accounting
system of a company being simplified and streamlined,
and has the added benefit of financing the corporate's
book of business at 0%.

Ricardo is now bridged to the web services world,
using XML-X as a
direct payments protocol.
XML-X exports the payment as
an web interface, in a defined, reliable fashion.
Systemics is now shipping XML-X middleware servers
to drive Ricardo.

XML-X also provides the basis for internal client-server
construction of complete web-based payments solutions.
Using the power of XML-X extensions, websites can now offer
the full capabilities of Ricardo.

WebFunds is now available with a demonstration of
secure chat and email. This leverages the secure,
encrypted reliable messaging inherent in the foundation
provided by Ricardo.

The underlying design goal of Ricardo as a payment
system is in the support of
financial trading,
the toughest of all Internet payment scenarios.
This is best seen with this narrative,
A Day In The Life,
of Terry the Trader.

Ricardo has also formed the basis for trading
markets for new intellectual derivatives such
as tasks
and idea futures.

The Ricardo payment system has been integrated into
Intertrader's CashBox to add to their existing smart
card and digital gold payment systems.